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Peru 61354
1308 23rd Street
$221,000
● House - Off Market

1308 23rd Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,100 Ft²
$1,503
Est. Monthly
10.17%
Cap Rate

About This Property

Move in condition! Nice Peru location not far from restaurants and shopping. Comfy brick ranch home, 3 bedrooms, 2.5 baths, eat in kitchen with appliances and a large pantry closet. There is a full, mostly finished basement with rec room and kitchen area. The home has hot water heat, central air, lovely hardwood floor, spacious 2+ car attached garage and a cute as can be shed with electricity located in the fenced area yard. Sunny patio, washer and dryer will remain as well as all kitchen appliances.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$203
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARQUETTE MANOR ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MARQUETTE MANOR ADD TO PERU, LT 32 SEC 9-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963000

Geography

  • District: PE
  • Parcel: 17-09-305-004
  • Lot: 32
  • Meridian: SEC 09 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3419
  • Longitude: -89.1229

    Address

  • Full Address: 1308 23rd St
  • Address - House Number: 1308
  • Address - Street Name: 23rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C008
  • 4-Digit Zip Code: 1304
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $452,360
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 208,269
  • High Value: 263,909
  • Low Value: 152,628

    Market Valuation

  • Market Total Value: $188,442
  • Market Land Value: $30,930
  • Market Improvement Value: $157,512

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,814
  • Assessed Land Value: $10,310
  • Assessed Improvements Value: $52,504

    Sales

  • Current Sale Contract Date: Nov 14, 2022
  • Current Sale Recording Date: Nov 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-15068
  • Previous Sale Recording Date: Nov 29, 2022
  • Previous Sale Contract Date: Nov 14, 2022
  • Previous Sale Amount: $201,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Peru

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$151

Below Asking

0.03%

Average Days on Market

49

Average Home Size

1579 ft²

Average Home Age

102.1 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Bonnie Lester, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12278275
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1308 23rd Street built and last sold?
The property at 1308 23rd Street was built in 1962 and last sold on Nov 14, 2022 for $201,500.
How much is this home worth?
The estimated value of the home located at 1308 23rd Street is $221,874.
What are some comparable homes to 1308 23rd Street?
There are currently no comparable homes to 1308 23rd Street.
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